Loan Limits / New Jersey / Morris County
2026 Loan Limits · New Jersey · NEW YORK-NEWARK-JERSEY CITY, NY-NJ
Morris County, NJ.
2026 conforming and FHA loan limits, calibrated to a median sales price of $996,000. This county is designated high-cost — conforming limits exceed the national baseline.
Median Sales Price
$996,000
Per HUD CHUMS, 2026
Conforming 1u Limit
$1,209,750
High-cost
FHA 1u Limit
$1,249,125
Ceiling
Jumbo Threshold
> $1,209,750
1-unit · loans above this are jumbo
Conforming (Fannie / Freddie)
High-cost| 1-unit (single-family) | $1,209,750 |
| 2-unit (duplex) | $1,548,975 |
| 3-unit (triplex) | $1,872,225 |
| 4-unit (fourplex) | $2,326,875 |
FHA Forward (203b)
Ceiling| 1-unit (single-family) | $1,249,125 |
| 2-unit (duplex) | $1,599,375 |
| 3-unit (triplex) | $1,933,200 |
| 4-unit (fourplex) | $2,402,625 |
About this county
About Morris County
Morris County is a county located in the U.S. state of New Jersey, about 30 mi (48 km) west of New York City. According to the 2020 census, the county was the state's tenth-most populous county, with a population of 509,285, its highest decennial count ever and an increase of 17,009 (+3.5%) from the 2010 census count of 492,276, which in turn reflected an increase of 22,064 (+11.6%) from the 470,212 counted in the 2000 census. The United States Census Bureau's Population Estimates Program estimated a 2025 population of 524,251, an increase of 14,966 (+2.9%) from the 2020 decennial census. Morris County is part of the New York metropolitan area and is divided into 39 municipalities, with many commuter towns but no large cities. Its county seat is Morristown, in the southeast. The most populous place was Parsippany-Troy Hills, with 56,162 residents at the time of the 2020 census, while Rockaway Township covered 45.55 square miles (118.0 km2), the largest total area of any municipality. The county is part of the North Jersey region of the state. Read more on Wikipedia →
Population
510,375
U.S. Census ACS 2023
Median Household Income
$134,929
U.S. Census ACS 2023
Median Home Value (Census)
$557,000
Owner-occupied · ACS 2023
Owner-Occupancy Rate
74%
Of occupied housing
What these limits mean for buyers in Morris County
The 2026 conforming 1-unit limit for Morris County is $1,209,750. Loans at or below this amount can be sold by the originating lender to Fannie Mae or Freddie Mac, which keeps pricing tight and underwriting consistent. Because Morris County is designated a high-cost area, the limit exceeds the national baseline of $832,750.
For FHA financing, the 2026 1-unit limit is $1,249,125. The HUD CHUMS table pegs the median sales price for Morris County at $996,000. Morris County is in HUD's FHA high-cost tier — its limit sits between the national floor of $541,287 and the ceiling of $1,249,125, calculated as 115% of the area median.
Practical takeaway. The median sales price in Morris County ($996,000) is below both limits — FHA, conventional, and VA financing all cover median-priced purchases here. Choice between programs comes down to credit, down payment, and overlay differences.
How the limits are set
Conforming limits come from the Federal Housing Finance Agency (FHFA), which adjusts them each year based on changes in the FHFA Housing Price Index. FHA limits come from HUD: the national floor is $541,287 (65% of conforming baseline), the ceiling is $1,249,125 (150% of conforming baseline), and counties between are calculated as 115% of the area median sales price.
Multi-unit and house-hacking math
Morris County 2-, 3-, and 4-unit conforming limits are $1,548,975, $1,872,225, and $2,326,875 respectively. If you're house-hacking — owner-occupying one unit of a 2-4 unit property — these are the limits that matter, and the rental income on the other units can be used to qualify. FHA and VA both finance owner-occupied 2-4 unit properties at their own multi-unit limits.
Limits effective 2026 per HUD CHUMS publication. Sourced GSE and FHA files. Generated 2026-04-26.
Buying in Morris County?
We'll structure the loan against the right limit and the right program. Conforming, FHA, VA, jumbo — all in-house.